At the Board of Directors meeting held on April 28, 2026, the calculation method of adjusted operating income for the 20th and 21st series stock acquisition rights was revised to incorporate adjustments for amortization cost reductions due to impairment 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"2175","jir_company_name":"SMS Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-04-28","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/2175-20260428-03.pdf","jir_short_summary":"At the Board of Directors meeting held on April 28, 2026, the calculation method of adjusted operating income for the 20th and 21st series stock acquisition rights was revised to incorporate adjustments for amortization cost reductions due to impairment losses.","jir_summary":"### Background of Exercise Condition Change\nSMS Co., Ltd. recorded impairment losses in its overseas business for the fiscal year ending March 2026, resulting in an expected annual reduction of approximately 1.5 billion yen in amortization costs related to intangible fixed assets from the fiscal year ending March 2027 onwards. Accordingly, the company has revised the calculation method of adjusted operating income for the performance-linked stock options (20th and 21st series stock acquisition rights) to adjust the amortization cost reduction arising from the impairment losses, aiming to maintain the originally intended difficulty level of the performance targets at the time of issuance.\n\n### Specific Changes to Exercise Conditions\nFor the exercise conditions of the 20th and 21st series stock acquisition rights regarding the calculation of adjusted operating income, the previous method was to use operating income from the consolidated income statement plus stock-based compensation expenses as a base. With this change, the amortization cost reduction owing to the impairment loss recorded in the fiscal year ending March 2026 will be deducted. This adjustment removes accounting impacts, secures the commitment of eligible persons toward performance improvement, and fosters shared interests with shareholders.","jir_financial_highlights":"Reduction in Amortization Costs Due to Impairment Loss: Approximately 1.5 billion yen per year (Unknown)\nChange in Exercise Conditions for 20th Series Stock Acquisition Rights: Deduction of amortization cost reduction due to impairment loss from the calculation method of adjusted operating income (No deduction before change)\nChange in Exercise Conditions for 21st Series Stock Acquisition Rights: Deduction of amortization cost reduction due to impairment loss from the calculation method of adjusted operating income (No deduction before change)","jir_category":"","jir_hashtags":"#SMS_Co_Ltd, #StockOptions, #IR","jir_key_figures":"Reduction in amortization costs due to impairment loss: Approximately 1.5 billion yen per year\nExercise condition change for 20th series stock acquisition rights: Change in adjusted operating income calculation method\nExercise condition change for 21st series stock acquisition rights: Change in adjusted operating income calculation method","jir_meta_title":"SMS Co., Ltd.: Change in Stock Option Exercise Conditions Reflecting Impairment Impact\uff5cApril 2026","jir_meta_description":"On April 28, 2026, SMS Co., Ltd. revised the exercise conditions of performance-linked stock options by adjusting for amortization cost reductions due to impairment losses, aiming to maintain the difficulty level of performance targets.","jir_og_title":"SMS Co., Ltd.: Change in Stock Option Exercise Conditions Reflecting Impairment Impact","jir_og_description":"On April 28, 2026, SMS Co., Ltd. changed the exercise conditions of its stock options considering the impact of impairment losses.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9446,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"stock_option","footnotes":""},"sector":[],"importance":[],"class_list":["post-43676","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n